McDonald's Rebound Gains Steam
McDonald's (NYSE: MCD) has found a way to turn fast food into even faster profits. The burger chain announced third-quarter earnings this week that included a 55% earnings spike as its growth rebound gained momentum.
Let's dig into the results.
Sales growth took a step back from the prior quarter. But that's not much of a knock against the business, considering Mickey D's in late July announced its best comparable-store sales gain in over five years. This week's 6% comps growth was just slightly below that quarter's 6.6% jump.
Source: Fool.com
McDonalds Corp. Stock
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